Heat the olive oil in a large skillet over medium-high heat. Add the chicken and cook until golden brown, about 5 minutes.
Add the onion, bell pepper, garlic, chili powder, smoked paprika, cumin, and cayenne pepper (if using). Cook, stirring often, until the vegetables are softened, about 5 minutes.
Add the peaches, chicken broth, honey, vinegar, and tomato paste. Bring to a simmer and cook until the sauce is slightly thickened, about 10 minutes.
In a small bowl, whisk together the cornstarch and 2 tablespoons of water. Add to the skillet and stir until the sauce is thickened, about 2 minutes.
Season with salt and pepper, to taste. Serve with your favorite sides.
Interesting Facts
This dish is perfect for a quick weeknight dinner.
You can substitute the chicken with pork, beef, or turkey.
To add more spice, add more cayenne pepper or chili powder.